5 Mather Street
$625,000
5 Mather Street, Binghamton, NY 13905
8,556 sqft
Building Size
0.19 acres
Lot Area
Details:
Description:
Offered for sale is this fully leased and turnkey Student Housing complex on the West Side of Binghamton. This is an excellent West Side location. Only 2 buildings from Main Street. Walking distance to the bus lines and all of Downtown Binghamton's Restaurants, Shops, Night Clubs and amenities. This is zoned as a 12 Unit building. It could be easily divided into 9 units. It is currently being used as a 6 Unit with 3, 4 Bed Units and 3, 1 Bed Units. The one bed units can be considered 2 bed units, increasing rents significantly. The current owner is using them as one bed. This complex has 15 Bathrooms, one for each actively leased bed and 9 Kitchens. Solid rent roll and rental history.
This is an excellent West Side location. Only 2 buildings from Main Street. Walking distance to the bus lines and all of Downtown Binghamton's Restaurants, Shops, Night Clubs and amenities.
Excellent West Side Location.
15 Currently leased beds, Can be 18.
15 Bathrooms and 9 Kitchens.
Building is in very good condition and has a value add opportunity.
Walking Distance to Downtown Binghamton.
Documents:
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| Offering Memorandum |
Location
Gallery
